Envy and habits: panel data estimates of interdependent preferences

We estimate the importance of preference interdependence from consumption choices. Our strategy follows the literature that tests the constraints imposed by optimality in the evolution of individual consumption. We derive a Euler equation from a preference specifi cation that allows for non-separabi...

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Bibliographic details
Main Author: Labeaga, Jose M
Alvarez-Cuadrado, Francisco
Sutthiphisal, Dhanoos
Casado, Jose Maria
Format: Paper
Language: English
Place of publication: 01.03.2012
Related: Banco de España
Data of publication: 2012/03
Series: Banco de España Working Papers
Online Access: available in Bonn?
Database: RePEc IDEAS
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